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The Compliance And Ethics Forum For Life Insurers

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 273782503 ✦ Bethesda, MD ✦ Designated as a 501(c)(6)

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Overview

What is The Compliance And Ethics Forum For Life Insurers?

The Compliance and Ethics Forum for Life Insurers is a nonprofit organization based in Bethesda, Maryland. With a team of four individuals, its primary mission is to serve the needs of the life insurance industry's compliance and ethics professionals. Their annual conference brings together industry experts, key regulators, and compliance and ethics professionals to share knowledge, develop solutions, and discuss the top compliance and ethics issues facing the industry. The forum aims to provide a platform for exchanging ideas, fostering collaboration, and identifying potential leading practices to address these challenges.


Official website here: www.cefli.org

Is The Compliance And Ethics Forum For Life Insurers legitimate?

The Compliance And Ethics Forum For Life Insurers is a legitimate nonprofit organization registered as a 501(c)(6) entity. The Compliance And Ethics Forum For Life Insurers submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.


Heare are some key statistics you may want to consider:

Executive Compensation: $498,078
Professional Fundraising Fees: $0
Other Salaries and Wages: $485,213

For more financial information, click here


Official website here: www.cefli.org

What is the mission statement of The Compliance And Ethics Forum For Life Insurers?

The Compliance and Ethics Forum for Life Insurers is dedicated to serving the needs of professionals in the life insurance industry who specialize in compliance and ethics. Their mission is to facilitate a platform where these professionals can share their expertise, develop solutions, and exchange potential leading practices. This is achieved through their annual conference, which brings together compliance and ethics professionals, industry experts, and key regulators to discuss and tackle the top compliance and ethics issues facing the industry.


Official website here: www.cefli.org

Who is the CEO of The Compliance And Ethics Forum For Life Insurers?

Donald Walters is the CEO of The Compliance And Ethics Forum For Life Insurers The CEO's salary of The Compliance And Ethics Forum For Life Insurers is $392,984 and their total compensation is $494,880.


Official website here: www.cefli.org

What is the revenue of The Compliance And Ethics Forum For Life Insurers?

The Compliance And Ethics Forum For Life Insurers's revenue in 2023 was $1,863,056.


Official website here: www.cefli.org

Who are the executives of The Compliance And Ethics Forum For Life Insurers and what are their salaries?

The average compensation at The Compliance And Ethics Forum For Life Insurers during 2023 was $196,658. There are 5 employees and 17 volunteers at The Compliance And Ethics Forum For Life Insurers.

Here are 21 key members and their salaries (The Compliance And Ethics Forum For Life Insurers's CEO's salary is $392,984 and their total compensation is $494,880):


Timothy Bolden (Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Megan Claypool (Chair-Elect)
  • Compensation: $0
  • Related: $0
  • Other: $0
Vickie Bulger (Board Of Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Chad Eslinger (Board Of Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jim Golembiewski (Board Of Director (Thru 1/1/23))
  • Compensation: $0
  • Related: $0
  • Other: $0
Cyndi Hall (Board Of Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
George Hanley (Board Of Director (Thru 9/22/23))
  • Compensation: $0
  • Related: $0
  • Other: $0
Maureen Henderson (Board Of Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Steve Koslow (Board Of Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Marla Lacey (Board Of Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Bradley Lucido (Board Of Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
James Odland (Board Of Director (Thru 2/1/23))
  • Compensation: $0
  • Related: $0
  • Other: $0
Timothy O'Driscroll (Board Of Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Sharon Pacheco (Board Of Director (1/1/23))
  • Compensation: $0
  • Related: $0
  • Other: $0
Wayne Smiley (Board Of Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Nancy Sweet (Board Of Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Pete Rock (Board Of Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Donald Walters (President & Ceo)
  • Compensation: $392,984
  • Related: $0
  • Other: $101,896
Carla Strauch (Svp - Compliance & Ethics)
  • Compensation: $231,032
  • Related: $0
  • Other: $92,991
Deidre Keimach (Vp - Compliance & Ethics)
  • Compensation: $125,616
  • Related: $0
  • Other: $49,234
Nancy Perez (Exec Asst/Office Mgr)
  • Compensation: $102,584
  • Related: $0
  • Other: $52,962


Official website here: www.cefli.org

Where can I find the form 990 for The Compliance And Ethics Forum For Life Insurers?

The Compliance And Ethics Forum For Life Insurers's most recent form 990 was submitted in 2023 and can be accessed here.


Official website here: www.cefli.org

Learn more at the official website: www.cefli.org

Mission Statement of The Compliance And Ethics Forum For Life Insurers

The Compliance and Ethics Forum for Life Insurers is dedicated to serving the needs of professionals within the life insurance industry who specialize in compliance and ethics. Their mission is to create a platform where these professionals can connect with industry experts, regulatory bodies, and their peers. This annual conference aims to foster an environment where knowledge is shared, solutions are developed, and leading practices are identified, addressing the top compliance and ethics challenges that the life insurance industry is currently facing. By bringing together a diverse group of individuals, the Compliance and Ethics Forum for Life Insurers seeks to contribute to the ongoing improvement of the industry's ethical standards and regulatory compliance.

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Impact




October, 2024

The Compliance And Ethics Forum For Life Insurers plays a pivotal role in enhancing the integrity and standards within the life insurance industry. By providing a dedicated platform for compliance and ethics professionals, it fosters collaboration among industry experts, key regulators, and practitioners.

Through its annual conference, the Forum enables participants to share knowledge and expertise on pressing compliance and ethics challenges. This collaborative environment encourages the development of innovative solutions and the exchange of leading practices, which helps address the industry's most critical issues. By focusing on compliance and ethics, the Forum contributes to the overall betterment of the life insurance sector, promoting transparency, accountability, and consumer trust.

The impact of the Forum extends beyond immediate discussions; it cultivates a culture of continuous improvement and learning within the industry. Participants leave with actionable insights and a deeper understanding of regulatory expectations, which can lead to enhanced compliance frameworks and ethical practices across organizations. In essence, the Forum serves as a catalyst for positive change, driving progress in compliance and ethical standards that benefit the industry and its stakeholders.




This information is meant to be a general summary of The Compliance And Ethics Forum For Life Insurers. Please take the time to review official sources before making any decisions based upon the content provided here.


Financials

This financial information is from Propublica.

Revenue
$1,863,056 (2023)
Expenses
$1,925,546 (2023)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2023.

  • Investment Income: $20,982
  • Program Service Revenue: $1,842,074
  • Gross Receipts: $1,863,056

Assets and Liabilities:

  • Total Assets: $1,566,383
  • Total Liabilities: $700,323
  • Net Assets: $866,060

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

MEMBERSHIP DUES

Revenue

$1,627,767

MEETINGS & CONFERENCES

Revenue

$158,187

PROJECT REVENUES

Revenue

$56,120

Organization Details

Founding Year

2010

Principal Officer

Donald J Walters

NTEE Category

Code: S40 - Community improvement

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